Infosys board meeting to decide buyback proposal today
DSIJ Intelligence / 19 Aug 2017
At a meeting to be held today i.e. August 19, the board of Infosys will pitch a proposal for the buyback of equity shares of the company.
At a meeting to be held today i.e. August 19, the board of Infosys will pitch a proposal for the buyback of equity shares of the company. The stock exchanges will be briefed about the outcome of the meeting later during the day. Infosys’ stock fell over 10% on Friday following the resignation of its Chief Operating Officer and Managing Director Vishal Sikka. Infosys’ ADR also closed lower by 7.16% at USD 14.79 during Friday’s trading session.
Earlier, in the month of April, Tata Consultancy Services was the first Indian IT firm to reward shareholders with a share buyback plan of Rs 16,000 crore. Other IT firms, including Cognizant, HCL Technologies, Wipro, Mphasis and Hexaware Technologies, had also announced share buybacks. The Mindtree buyback offer has opened for subscription on Friday while it will close on September 1, 2017.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.